Government Assistance Schemes
1. |
DD aims to encourage Singapore companies to explore overseas investment opportunities, which will enable them to enhance their competitiveness, expand and grow
- Under Section 14K of the Income Tax Act, companies are allowed to deduct against their taxable income, twice the level of approved expenses for approved projects
Administered by IE Singapore.
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for more details. |
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2. |
DTD scheme for market development aims to encourage Singapore companies to expand their overseas market. It allows for approved companies to deduct the eligible expenses incurred for approved projects twice against their taxable income
Administered by IE Singapore |
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for more details. |
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3. |
The Enterprise Fund is specifically for established businesses that need money to grow their businesses or venture abroad
- It assumes equity risk alongside the entrepreneur and their business
- It minimises equity dilution for entrepreneurs by exiting when the funding problem is resolved
General Investment Terms
- Investments are usually structured as convertible loans or debts with equity options, with pre-defined repayment tenures
- Investment amount of $1 - 3 million
- Financial participation in the company
Administered by IE Singapore |
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for more details. |
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4. |
It is designed to help Singapore-based companies support their expansion overseas
Maximum Loan Period (years)
- Asset-based financing:
- Factories/building/land: 15
- Other fixed assets: 6
- Structured Loan: 3
Maximum Quantum of Financing
- Asset-based financing: 90%
- Structured Loan: 90%
Administered by IE Singapore
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for more details. |
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5. |
Interest rates and re-payment
- Interest rates are tailored to the individual needs
- Loan repayment period is up to one year
Insurance premium
- 2% of your loan
- 50% of premium payable upon approval of your loan
- Remaining 50% of premium paid by the Government
LIS can only be used for new loans and not for existing ones
Administered by SPRING Singapore |
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for more details. |
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6. |
TCI protects against the non-payment risk of buyers. Should buyers default on payment further to the stipulated due date and grace period, the insurer will pay upon verifying the validity of the claim
Administered by IE Singapore |
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for more details. |
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7. |
- The minimum investment by the private investor(s) must be at least $75,000
- SPRING Singapore will match the investment dollar-for-dollar up to a maximum of $300,000
- Both the investor(s) and SPRING Singapore will take equity stakes in the company in proportion to their investments
Administered by SPRING Singapore |
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for more details. |
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8. |
- Every $2 raised by the growth company from third-party investor will be matched by $1 from SPRING, up to a maximum of $1,000,000 under both the SEEDS and GFP
- Minimum investment from third-party investors is S$500,000
- Both SPRING Singapore and the third-party investors will take equity stakes in the company in proportion to their investments
Administered by SPRING Singapore |
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for more details. |
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9. |
- Pre-approved Business Angel Funds will have their investments in start-ups matched dollar-for-dollar up to a maximum of S$1 million
- The minimum investment per start-up by the Business Angel Fund must be at least S$75,000
Administered by SPRING Singapore |
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for more details. |
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10. |
- The scheme allows you to borrow up to $15 million for local SMEs
- $8 million for short-term loans (less than 4 years)
- $15 million for long-term loans
- Fixed or variable interest rates
Administered by SPRING Singapore |
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for more details. |
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11. |
- Interest rates and re-payment
- You can choose a fixed interest or variable interest rate loan
Types of loans:
- Working Capital Loan
- Machinery Term Loan/ Machinery Hire Purchase
- Factoring Loan
Administered by SPRING Singapore |
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for more details. |
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Government Grants
1. |
- With LETAS, you can get a grant to engage an external consultant to implement quality management and IT systems.
- LETAS subsidises up to 50% of the costs of hiring the consultant. It does not cover hardware and software costs.
Administered by SPRING |
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for more details. |
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2. |
- It provides Singapore-based SMEs consultancy advice and funding support to develop and protect your intellectual property. The grant can be used to subsidise the cost of:
- IP Consultancy Projects (Phase 1) – Up to 50% of the consultancy fees
- IP Implementation Projects (Phase 2) – Up to 50% of the qualifying costs of implementation projects, including costs related to manpower, equipment, materials, consultants and IP rights.
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for more details. |
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3. |
This scheme helps cover some of the costs of filing patent applications. The grant covers professional fees, official fees and charges for filing a patent anywhere in the world. It does not cover costs of defending a patent, R&D to create the invention, transferring the patent rights, maintaining of patents that have ended due to carelessness and renewal of patents.
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for more details. |
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Tax Incentive Scheme
1. |
Enterprise Investment Incentive Scheme (EII) and EII (Technopreneur)
- EII is a tax incentive scheme offered to non-technology start-ups.
- For technopreneurial start-ups, a similar tax incentive scheme, EII (Technopreneur), is available from EDB
- The qualifying company issues certificates to its investor (up to a maximum total investment of S$3 million), which allows them to deduct any investment losses from their taxable income. This non-renewal status stands up to a maximum of five years
Administered by: SPRING for EII EDB for EII (Technopreneur) |
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for more details. |
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2. |
Tax exemption on the first S$100,000 of chargeable income (excluding Singapore franked dividends) for any of the first 3 years of tax assessment falling within Year of Assessment 2005 to 2009
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for more details. |
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